See more : LAST MILE ENTERPRISES LIMITED (LASTMILE.BO) Income Statement Analysis – Financial Results
Complete financial analysis of AvidXchange Holdings, Inc. (AVDX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AvidXchange Holdings, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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AvidXchange Holdings, Inc. (AVDX)
About AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 380.72M | 316.35M | 248.41M | 185.93M | 149.58M |
| Cost of Revenue | 121.31M | 117.86M | 100.09M | 83.75M | 71.13M |
| Gross Profit | 259.41M | 198.49M | 148.32M | 102.17M | 78.45M |
| Gross Profit Ratio | 68.14% | 62.74% | 59.71% | 54.95% | 52.45% |
| Research & Development | 97.56M | 83.91M | 65.15M | 44.50M | 33.59M |
| General & Administrative | 101.92M | 91.38M | 95.82M | 56.40M | 52.10M |
| Selling & Marketing | 77.52M | 77.73M | 63.94M | 47.91M | 39.58M |
| SG&A | 179.45M | 169.12M | 159.76M | 104.31M | 91.68M |
| Other Expenses | 0.00 | 32.84M | 30.74M | 27.51M | 22.34M |
| Operating Expenses | 312.91M | 285.86M | 255.64M | 176.32M | 147.62M |
| Cost & Expenses | 434.22M | 403.73M | 355.73M | 260.07M | 218.75M |
| Interest Income | 20.89M | 7.16M | 661.00K | 1.68M | 1.38M |
| Interest Expense | 13.52M | 20.75M | 20.11M | 20.08M | 17.26M |
| Depreciation & Amortization | 35.91M | 32.84M | 30.74M | 27.51M | 22.34M |
| EBITDA | 3.30M | -47.37M | -153.46M | -53.42M | -53.89M |
| EBITDA Ratio | 0.87% | -14.97% | -50.69% | -24.18% | -30.38% |
| Operating Income | -51.62M | -87.38M | -107.32M | -74.15M | -69.16M |
| Operating Income Ratio | -13.56% | -27.62% | -43.20% | -39.88% | -46.24% |
| Total Other Income/Expenses | 5.49M | -13.59M | -96.99M | -26.87M | -24.32M |
| Income Before Tax | -46.13M | -100.96M | -204.31M | -101.01M | -93.49M |
| Income Before Tax Ratio | -12.12% | -31.91% | -82.25% | -54.33% | -62.50% |
| Income Tax Expense | 1.20M | 321.00K | -4.66M | 234.41K | 60.00K |
| Net Income | -47.33M | -101.28M | -199.65M | -101.25M | -93.55M |
| Net Income Ratio | -12.43% | -32.02% | -80.37% | -54.45% | -62.54% |
| EPS | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| EPS Diluted | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| Weighted Avg Shares Out | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
| Weighted Avg Shares Out (Dil) | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ:AVDX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980,...
AVDX ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by AvidXchange Holdings, Inc.
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AVDX Investigation: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 21, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange")....
Lost Money on AvidXchange Holdings, Inc.(AVDX)? Contact Levi & Korsinsky Regarding an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AVDX Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, Pa. , Aug. 21, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ: AVDX) ("AvidXchange").
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX
NEW YORK, NY / ACCESSWIRE / August 21, 2024 / Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ:AVDX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980,...
AVDX Notice of Investigation: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 20, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange")....
AvidXchange Announces Launch of Inaugural Change Maker Awards
CHARLOTTE, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- AvidXchange, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the launch of the inaugural Change Maker...
AvidXchange Holdings, Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by AvidXchange (AVDX)
NEW YORK, NY / ACCESSWIRE / August 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX
NEW YORK, NY / ACCESSWIRE / August 19, 2024 / Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ:AVDX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980,...
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